Flutter Entertainment (FLUT) Gross Margin (2023 - 2026)
Flutter Entertainment (FLUT) posted Gross Margin of 42.68% for Q1 2026, down 4.18% on a QoQ basis from 44.54% in Q4 2025, and down 395.0% year-over-year from 14.47% in Q1 2025.
Flutter Entertainment (FLUT) Gross Margin (2023 - 2026) Analysis & Trends
Flutter Entertainment's Gross Margin history runs 4 years deep, the most recent figure standing at 42.68% for Q1 2026.
- Quarterly Gross Margin fell 395.0% year-over-year to 42.68% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 44.25% (down 330.0% YoY) and the FY2025 annual result came in at 45.19%, down 251.0% from the prior year.
- Gross Margin was 42.68% for Q1 2026 at Flutter Entertainment, down from 44.54% in the prior quarter.
- Across five years, Gross Margin topped out at 50.32% in Q2 2023 and bottomed at 42.68% in Q1 2026.
- A 4-year average of 46.43% and a median of 46.63% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2024 — Gross Margin surged 200 bps — and 2026, when it plunged 395 bps.
- Flutter Entertainment's Gross Margin stood at 46.15% in 2023, then climbed by 4 bps to 48.15% in 2024, then decreased by 7 bps to 44.54% in 2025, then dropped by 4 bps to 42.68% in 2026.
- Business Quant data shows FLUT's Gross Margin at 42.68% in Q1 2026, 44.54% in Q4 2025, and 42.86% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Codere Online Luxembourg | 425.84 Bn | 425.77 Bn | - | - |
| 2 | Flutter Entertainment | 19.13 Bn | 17.62 Bn | 1.84 Bn | 42.68% |
| 3 | DraftKings | 12.12 Bn | 11.11 Bn | 696.69 Mn | 42.32% |
| 4 | Super Group (SGHC) | 7.57 Bn | 7.15 Bn | - | - |
| 5 | Churchill Downs | 6.27 Bn | 6.17 Bn | 464.00 Mn | 69.98% |
| 6 | Rush Street Interactive | 3.15 Bn | 2.82 Bn | 132.17 Mn | 35.69% |
| 7 | Brightstar Lottery | 1.94 Bn | 670.63 Mn | 297.00 Mn | 50.60% |
| 8 | Accel Entertainment | 1.02 Bn | 746.37 Mn | 350.92 Mn | 99.82% |
| 9 | Inspired Entertainment | 207.07 Mn | 163.57 Mn | 54.60 Mn | 95.45% |
| 10 | Gambling.com | 58.26 Mn | 42.45 Mn | 39.34 Mn | 85.09% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 42.68% |
| Dec 31, 2025 | 44.54% |
| Sep 30, 2025 | 42.86% |
| Jun 30, 2025 | 46.79% |
| Mar 31, 2025 | 46.63% |
| Dec 31, 2024 | 48.15% |
| Sep 30, 2024 | 46.06% |
| Jun 30, 2024 | 49.18% |
| Mar 31, 2024 | 47.22% |
| Dec 31, 2023 | 46.15% |
| Sep 30, 2023 | 45.82% |
| Jun 30, 2023 | 50.32% |
| Mar 31, 2023 | 47.19% |